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Capula Management Portfolio holdings

AUM $14.1B
1-Year Est. Return 19.14%
This Fund
S&P 500
This Quarter Est. Return
+0.74%
1 Year Est. Return
+19.14%
3 Year Est. Return
+85.66%
5 Year Est. Return
+76.65%
10 Year Est. Return
+131.38%
AUM
$20B
AUM Growth
-$124M
Cap. Flow
+$329M
Cap. Flow %
1.65%
Top 10 Hldgs %
68.14%
Holding
948
New
155
Increased
289
Reduced
312
Closed
138

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.4B
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.76B
3
IBM icon
IBM
IBM
+$204M
4
BABA icon
Alibaba
BABA
+$169M
5
UBER icon
Uber
UBER
+$111M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$6.67B
2
MSTR icon
Strategy Inc
MSTR
+$375M
3
UNH icon
UnitedHealth
UNH
+$326M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$279M
5
AMAT icon
Applied Materials
AMAT
+$122M

Sector Composition

Rank Sector Weight
1 Technology 4.56%
2 Consumer Discretionary 2.07%
3 Communication Services 2.06%
4 Financials 1.46%
5 Industrials 0.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RJF icon
576
Raymond James Financial
RJF
$32.5B
$213K ﹤0.01%
1,327
+265
+25% +$42.8K
CHWY icon
577
Chewy
CHWY
$8.54B
$211K ﹤0.01%
6,389
+2,932
+85% +$102K
KBR icon
578
KBR
KBR
$4.68B
$211K ﹤0.01%
+5,248
New +$225K
SBUX icon
579
PUT
Starbucks
SBUX
$118B
$211K ﹤0.01%
2,500
-1,400
-36% -$118K
ELV icon
580
CALL
Elevance Health
ELV
$81.9B
$210K ﹤0.01%
600
+200
+50% +$67.6K
VIK icon
581
Viking Holdings
VIK
$44.9B
$209K ﹤0.01%
+2,923
New +$187K
PNC icon
582
CALL
PNC Financial Services
PNC
$100B
$209K ﹤0.01%
1,000
+300
+43% +$57.9K
MMM icon
583
CALL
3M
MMM
$89B
$208K ﹤0.01%
1,300
+400
+44% +$65.4K
DKS icon
584
Dick's Sporting Goods
DKS
$18.4B
$207K ﹤0.01%
1,044
+300
+40% +$65.4K
NKE icon
585
CALL
Nike
NKE
$61.9B
$204K ﹤0.01%
3,200
-9,100
-74% -$593K
KNF icon
586
Knife River
KNF
$4.43B
$203K ﹤0.01%
+2,891
New +$203K
NEM icon
587
PUT
Newmont
NEM
$99.5B
$200K ﹤0.01%
+2,000
New +$181K
ZM icon
588
CALL
Zoom
ZM
$25.8B
$198K ﹤0.01%
2,300
– –
UPS icon
589
CALL
United Parcel Service
UPS
$97.6B
$198K ﹤0.01%
2,000
+600
+43% +$56.1K
MO icon
590
CALL
Altria Group
MO
$122B
$196K ﹤0.01%
3,400
+1,300
+62% +$78.5K
SHW icon
591
CALL
Sherwin-Williams
SHW
$78.3B
$194K ﹤0.01%
600
+200
+50% +$66.9K
PSX icon
592
PUT
Phillips 66
PSX
$82.9B
$194K ﹤0.01%
1,500
+300
+25% +$40.4K
AFRM icon
593
PUT
Affirm
AFRM
$23.5B
$194K ﹤0.01%
2,600
– –
D icon
594
PUT
Dominion Energy
D
$62.5B
$193K ﹤0.01%
3,300
+700
+27% +$42.2K
MO icon
595
Altria Group
MO
$122B
$192K ﹤0.01%
+3,324
New +$201K
DBX icon
596
Dropbox
DBX
$6.81B
$191K ﹤0.01%
6,855
+1,494
+28% +$43.5K
MET icon
597
PUT
MetLife
MET
$61B
$189K ﹤0.01%
2,400
+500
+26% +$39.6K
ICE icon
598
Intercontinental Exchange
ICE
$82.4B
$189K ﹤0.01%
1,169
-635
-35% -$99.4K
APH icon
599
PUT
Amphenol
APH
$188B
$189K ﹤0.01%
1,400
– –
MAR icon
600
CALL
Marriott International
MAR
$98.7B
$186K ﹤0.01%
600
+200
+50% +$57.1K
22 23
24
25 26

Similar funds

X
Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return
BIP
Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return
FGP
Freestone Grove Partners San Francisco, California $14.2B AUM 24.58% 1-Year Est. Return
TI
Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return
SSA
Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return
SAM
Silvercrest Asset Management New York $13.8B AUM 28.39% 1-Year Est. Return
BBVA
Banco Bilbao Vizcaya Argentaria Madrid, Spain $14.3B AUM 26.23% 1-Year Est. Return
IFP
Independent Franchise Partners London, United Kingdom $14.3B AUM 3.49% 1-Year Est. Return

Capula Management's Q4 2025 Portfolio in Review

As of Q4 2025, Capula Management held 948 positions worth $20B, down 0.62% from $20.1B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Capula Management's Q4 2025 filing shows 155 new, 289 increased, 312 reduced and 138 closed positions. Its largest new stake was Alphabet (Google) Class C: 160,000 shares worth $50.2M. The largest sale was iShares Core S&P 500 ETF, an estimated $6.67B.

By sector, the portfolio is most concentrated in Technology at 4.6% of assets, down from 6.3% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Capula Management's largest Q4 2025 buy was Alphabet (Google) Class C: 160,000 shares worth $50.2M.
  • Capula Management added most to Vanguard S&P 500 ETF in Q4 2025, an estimated $7.4B increase.
  • Capula Management's biggest Q4 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $6.67B.
  • Capula Management fully exited UnitedHealth in Q4 2025, selling an estimated $326M.
  • Capula Management's ten largest holdings make up 68% of its $20B portfolio in Q4 2025.
  • Capula Management opened 155 new positions and closed 138 in Q4 2025.
  • Capula Management's portfolio value fell 0.62% quarter-over-quarter to $20B.

Based on Capula Management's 13F filing for Q4 2025, filed 13 Feb 2026.